Introducing a universal basic income (UBI) would cost the government over $85 billion and raise taxes on the middle class according to a new report from the Parliamentary Budget Office.
The report released on Wednesday estimates that providing a universal basic income would cost $85 billion if introduced this year, or approximately 25% of the federal budget.
The PBO based their model off of the 2017 Ontario basic income pilot project, which guaranteed working-age individuals and couples at least $16,989 and $24,027 per year, respectively. The model excludes giving guaranteed income to seniors.While providing benefits to the poorest 40% of Canadians, […]
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